I genuinely think CT is just trying to share his experience and educate us on how things work. Some of the specifics he's shared have certainly been enlightening to me. But I remain dialed in on the sustainability of these actions being terminal, and when that terminal point is reached, all hell will break loose.
We should play out this situation.. cuz often we talk about the Fed.. and the possible consequences of inflation and the dollar. isn't the dollar only as good as the goods and services that back it? Gdp drops more than 20%.. people lose their houses. jobs. cars. girlfriends.. It's a pretty bad day. it starts to get fuzzy for me after that.. Someone help me out..
Why must it be all in or nothing? Can't there be middle ground? Stop QE. Pass a balanced budget amendment, which includes massive tax reform. Put in a national sales tax (fair tax) instead of current stupidity. Put in incentives on corporate taxes for every job that is kept in the United States. Insist that if companies want to sell their products here, they have to have a certain number of jobs here dependent on industry. End lobbying. Put in term limits. Make serving in congress similar to jury duty. You get called up, serve, and at the end of your term you get your old job back. During the service, you make very little, have all of your expenses paid and get free housing in DC. I digress.
You are in Ontario right? I ask because as a dual citizen US/Canada I am thinking of bailing for Canada. People are nicer, economy seems better. Hell I wish Harper was our president he seems better than what we have here. I remember you posted as the US goes so does Canada, but Canada still has a housing boom and UE doesn't seem as bad. I am planning on going back to sales, currently I don't have the emotional makeup for day trading. I always made more in sales anyway. Sales and investing are where I did best.
just for the sake of economic talk.. I was looking to engage conversation. Isn't that the same thing as his second option.. except you added in some extra things..He said end all QE. you said that. end all bail outs and deficits. . you said that in the "balanced budget amendment".. will you please elaborate on "Insist that if companies want to sell their products here, they have to have a certain number of jobs here dependent on industry"..
Interesting thoughts, with the exception of the Jury Duty analogy, but it's nothing more than a dream. The Gov't wont spend within their means, the tax code is going to get more complicated, lobbying will continue, and jobs will keep heading to Chindia. You're forgetting who runs the country. It's not the President, nor Congress. It's the corporations. We don't live in a Capitalism society. We live in a Corporatism society. http://www.chicagonow.com/make-no-l...talism-what-the-difference-means-for-chicago/